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DUOL — Duolingo News Story

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Duolingo falls after Jefferies cuts price target on user growth slowdown

** Shares of the language learning platform Duolingo  fall about 2% to $322.24

** Jefferies cut price target on stock to $325 from $400, citing continued slowdown in user growth and concerns over the company’s long-term growth trajectory

** Says daily active users on the app grew 25% in September, down from 42% growth in June

** Brokerage notes slight pickup in the second half of September, driven by new viral social media content

** Average rating of 27 analysts is "buy"; median PT is $437.50 — data compiled by LSEG

** Stock up 14.4% in last 12 months, including session's move

(Reporting by Sanskriti Shekhar)

((Sanskriti.Shekhar@thomsonreuters.com))

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